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Is Fresnillo (FNLPF) Stock Outpacing Its Basic Materials Peers This Year?
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The Basic Materials group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Fresnillo PLC (FNLPF - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Basic Materials peers, we might be able to answer that question.
Fresnillo PLC is one of 242 individual stocks in the Basic Materials sector. Collectively, these companies sit at #13 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Fresnillo PLC is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for FNLPF's full-year earnings has moved 48.9% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, FNLPF has gained about 299.6% so far this year. In comparison, Basic Materials companies have returned an average of 25.3%. This means that Fresnillo PLC is performing better than its sector in terms of year-to-date returns.
Galiano Gold (GAU - Free Report) is another Basic Materials stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 104.1%.
For Galiano Gold, the consensus EPS estimate for the current year has increased 15.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Fresnillo PLC belongs to the Mining - Silver industry, a group that includes 9 individual companies and currently sits at #20 in the Zacks Industry Rank. On average, this group has gained an average of 101.8% so far this year, meaning that FNLPF is performing better in terms of year-to-date returns.
On the other hand, Galiano Gold belongs to the Mining - Gold industry. This 42-stock industry is currently ranked #62. The industry has moved +123.8% year to date.
Investors with an interest in Basic Materials stocks should continue to track Fresnillo PLC and Galiano Gold. These stocks will be looking to continue their solid performance.
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Is Fresnillo (FNLPF) Stock Outpacing Its Basic Materials Peers This Year?
The Basic Materials group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Fresnillo PLC (FNLPF - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Basic Materials peers, we might be able to answer that question.
Fresnillo PLC is one of 242 individual stocks in the Basic Materials sector. Collectively, these companies sit at #13 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Fresnillo PLC is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for FNLPF's full-year earnings has moved 48.9% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, FNLPF has gained about 299.6% so far this year. In comparison, Basic Materials companies have returned an average of 25.3%. This means that Fresnillo PLC is performing better than its sector in terms of year-to-date returns.
Galiano Gold (GAU - Free Report) is another Basic Materials stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 104.1%.
For Galiano Gold, the consensus EPS estimate for the current year has increased 15.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Fresnillo PLC belongs to the Mining - Silver industry, a group that includes 9 individual companies and currently sits at #20 in the Zacks Industry Rank. On average, this group has gained an average of 101.8% so far this year, meaning that FNLPF is performing better in terms of year-to-date returns.
On the other hand, Galiano Gold belongs to the Mining - Gold industry. This 42-stock industry is currently ranked #62. The industry has moved +123.8% year to date.
Investors with an interest in Basic Materials stocks should continue to track Fresnillo PLC and Galiano Gold. These stocks will be looking to continue their solid performance.